repositioning
(adjective)
Changing the identity of a product or a company in the minds of stakeholders and competitors.
Examples of repositioning in the following topics:
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Repositioning
- Repositioning involves changing the identity of a product relative to competing products.
- Repositioning involves changing the identity of a product relative to competing products.
- Many famous companies have saved failing products by repositioning them in the market.
- An organization can reposition a product line, a brand, or an entire company.
- The complete dedication of stakeholders and the creation of a product that is in demand can help companies survive a repositioning strategy.
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Adjustments to Products
- The VW Beetle is an example of a product that has been adjusted and repositioned over the years in response to changes in technology, costs, and customer preferences.
- Product repositioning involves changing the market's perceptions of a product or brand so that it can compete more effectively in its present market or in other market segments.
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GE Approach
- It is also a good way to assess how a company is doing in a specific market and if repositioning may be necessary to revive a faltering product line, brand, or organization.
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Price Competition
- A retailer such as K-mart, known as a discount chain, found it impossible to reposition itself as a provider of designer women's clothes .
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Impact of the Product Life Cycle on Marketing Strategy
- By imaginatively repositioning their products, companies can change how customers mentally categorize them.